Nothing at all. A 15 year old car not even a TV , nothing they can take
No hurry for reply by the way !
Personally I would go bankrupt.
If you dont own anything there is little point paying off creditors as it will be interest on £130,000
You go to the County Court and fill in some forms.
If you are on a pension you may get fee remission on the Court fee but may still have to pay the Official Receivers deposit.
You go before a Judge and he makes you bankrupt.
Then any assets are frozen. You see the Official Receiver and they produce a report saying whether creditors get anything.
As long as you co-operate you are normally discharged after 12 months with your debts written off
For more information please see:
Pharmaceutical Society of Great Britain v Boots Cash Chemists (Southern) Ltd  EWCA Civ
Sorry I meant:
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